Overview
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About this home
313 S Observatory Dr is a 1940-built home in Orla Vista Heights, Orlando. Inside you'll find 3 bedrooms, 1 bathrooms, and 1,474 square feet of living space. Listed at $240,000 (about $163/sqft), 121 days on market. Flood zone x - outside the FEMA high-risk areas, which keeps insurance manageable.
Just Reduced-Charming 3BR home with large fenced yard with NO HOA! Major 2025 Updates – Great Investment Opportunity! Welcome home to this charming 3-bedroom, 1-bath residence full of character and functionality! Relax and unwind on the wonderful covered and screened front porch—perfect for enjoying your morning coffee or evening breeze. Inside, you’ll find a spacious kitchen with abundant cabinet storage and plenty of room to cook and gather. The primary bedroom features convenient built-in closet organizers for added functionality and organization. A covered rear porch offers washer/dryer hookups plus additional storage space. Step outside to enjoy the large, fenced backyard—ideal for entertaining, pets, gardening, or simply relaxing outdoors. Major updates include NEW windows and a NEW water heater installed in 2025, providing added comfort and peace of mind. NO HOA! Whether you are searching for a primary residence or a potential income-producing property, this home offers excellent potential as a great investment opportunity. Conveniently located near shopping, restaurants, and The Mall at Millenia, with easy access to Valencia College, SR 408, SR 50/W. Colonial Drive, I-4, and Florida’s Turnpike for an easy commute.
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The essentials
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Details
Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$240,000
$163 per sq ft
Beds and baths
3 beds, 1 baths
Size
1,474 sq ft
Time on market
130 days
Year built
1940
Monthly payment
About $1,634/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,139 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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